Marketplace Morning Report for Wednesday, March 4, 2015
Airing on Wednesday, March 4, 2015: The Reserve Bank of India made a surprise announcement this morning: For the second time in two months, India's central bank cut a key interest rate. More on that. Plus, Ukraine’s central bank is raising its interest rate from 19.5 percent to 30 percent. The hike comes as the government is seeking a $17.5 billion assistance program from the International Monetary Fund. Inflation is rampant and the national currency has tumbled since Russia annexed Ukraine's southern Crimea peninsula and pro-Russian separatists took up arms in the country's east. We look at the reasons behind the hike in the interest rate. We'll also talk about FEMA's partnership with the popular food chain, the Waffle House in the southeastern U.S. during emergencies to measure the impact of disasters.
Airing on Wednesday, March 4, 2015: The Reserve Bank of India made a surprise announcement this morning: For the second time in two months, India’s central bank cut a key interest rate. More on that. Plus, Ukraine’s central bank is raising its interest rate from 19.5 percent to 30 percent. The hike comes as the government is seeking a $17.5 billion assistance program from the International Monetary Fund. Inflation is rampant and the national currency has tumbled since Russia annexed Ukraine’s southern Crimea peninsula and pro-Russian separatists took up arms in the country’s east. We look at the reasons behind the hike in the interest rate. We’ll also talk about FEMA’s partnership with the popular food chain, the Waffle House in the southeastern U.S. during emergencies to measure the impact of disasters.
